Terra

The UST Depeg and Luna Crash Azuki Founder Confession

The UST Depeg and Luna Crash + Azuki Founder Confession

“You could listen to influensooors about UST depegging for the 69th time, or you could remember they’re all now poor, and go for a run instead, wyd?” This was Do Kwon’s tweet a day before UST lost its peg down and plummeted to a scarcely believable 60 cents. This is a stablecoin we’re talking about. …

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Markets

Market Action: Terra Jumps 7% to Lead Rebound in DeFi Names

The DeFi markets have surged to post an emphatic recovery from January’s lows despite lingering concerns about heavy-handed regulation.  The combined capitalization of DeFi tokens sits at $121B, having bounced 16.7% since posing a local low of $103.7B on Feb. 3 according to CoinGecko.  Just two of the top 100 non-stablecoin DeFi assets have shed …

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